Downstream, in the esterquats (clothes softener) market, a major buyer said its demand in the second quarter is softer compared to the first quarter.

It also said it had no problems securing all the volume it needs.

“Demand from the first to second quarter is lower,” the major buyer said.

“We seen some very aggressive pricing from the US and Middle East and now the demand is not there, European producers are trying to maintain the market price, but they won't be able to hold onto this,” it added.